Suppose the following data were collected from a sample of 1515 houses relating selling price to...

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Basic Math

Suppose the following data were collected from a sample of 1515houses relating selling price to square footage and thearchitectural style of the house. Which of the following is thebest equation to use relating the selling price of a house tosquare footage and the style of the house?
Copy Data
Housing Prices
Selling Price Square Footage Colonial (1 if house is Colonial style, 0otherwise) Ranch (1 if house is Ranch style, 0 otherwise) Victorian (1 if house is Victorian style, 0otherwise)
391430391430 23032303 00 11 00
381002381002 20532053 11 00 00
403539403539 20132013 00 00 11
405271405271 25522552 00 00 11
406578406578 31313131 00 00 11
471858471858 36593659 00 11 00
392188392188 23322332 00 11 00
475616475616 35883588 11 00 00
401742401742 18431843 00 00 11
404836404836 26562656 11 00 00
333709333709 13371337 11 00 00
393618393618 23892389 11 00 00
365651365651 17991799 00 11 00
404239404239 23212321 00 00 11
375624375624 19461946 00 11 00

Housing Prices
Selling Price	Square Footage	Colonial (1 if house is Colonial style, 0otherwise)	Ranch (1 if house is Ranch style, 0 otherwise)	Victorian (1 if house is Victorian style, 0otherwise)
391430391430	23032303	00	11	00
381002381002	20532053	11	00	00
403539403539	20132013	00	00	11
405271405271	25522552	00	00	11
406578406578	31313131	00	00	11
471858471858	36593659	00	11	00
392188392188	23322332	00	11	00
475616475616	35883588	11	00	00
401742401742	18431843	00	00	11
404836404836	26562656	11	00	00
333709333709	13371337	11	00	00
393618393618	23892389	11	00	00
365651365651	17991799	00	11	00
404239404239	23212321	00	00	11
375624375624	19461946	00	11	00

Answer & Explanation Solved by verified expert

3.9 Ratings (369 Votes)

Regression analysis is a basic method used in statisticalanalysis of data Its a statistical method which allows estimatingthe relationships among variables One needs to identify dependentvariable which will vary based on the value of the independentvariable For example the value of the house dependent variablevaries based on square feet of the house independent variableRegression analysis is very useful tool in predictiveanalyticsEY X fX Y fX 0 1 X0 is the intercept of the line1 is the slope of the lineLinear regression algorithm is used to predict therelationshipline among data points There can See Answer

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